BP 11122023 129pm - Flipbook - Page 38
10. Subsidies to parishes from the Archdiocese or subsidies to missions from other parishes.
11. Investment/Endowment Income.
12. Interest earned on approved building funds deposited in the D&L.
13. Cemetery and Columbarium Income.
Accelerated debt payments will be free from archdiocesan assessment under the following
conditions:
1. Parishes that were granted special terms on debt will only be exempt on the portion of the
accelerated payment that exceeds recomputed amortization on normal Archdiocesan
terms.
2. New amortization schedules will be created no more than two times per fiscal year.
3. The amount exempted may not exceed the cash surplus for the year, net of building fund
revenue, for the year in which the payment is made, i.e. exempt payments should not be
made from past savings.
4. All other debt payments due to the Archdiocese should be satisfied and current.
Second Collections: All parish-specific second collections should be approved in writing by the
Archbishop before scheduled. Second collections should not be regarded as free from
assessment unless Leadership requests and obtains approval from the Archbishop in writing.
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